In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …

difference in the structural variances in these two sub-samples to gain identification. We find that democracy and the rule of … a negative impact on income levels and democracy, but a positive effect on rule of law. Higher income produces greater … openness and better institutions, but these effects are not very strong. Rule of law and democracy tend to be mutually …

This study presents a general methodology for fitting multiple time series models to panel data. The basic statistical … panel data, and it identifies those instances in which procedures found in the time series literature cannot be directly … applied to analyze longitudinal data. Data analysis techniques in the tine series literature are adapted for panel data …

micro panel data drawn from administrative records; it fully exploits the longitudinal dimension of the underlying datasets …

We construct a model of revolution and transition to democracy under individualistic and collectivist cultures. The … culture are more likely to end up adopting democracy earlier than countries with a collectivist culture. Our empirical … democracy, even after controlling for other determinants of democracy emphasized in the literature. We provide evidence that …

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

"iron-law" rate of 2%. In the post-1960s panel, estimation without country fixed effects supports the modernization …In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta … frame-34 countries with GDP data starting between 1870 and 1896-estimation with country fixed effects is more appropriate …

panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of …

distributed lag relationships based on single time-series of observations have been usually rather imprecise. The promise of panel … which are, at least in part, testable, and outline appropriate estimation techniques. The first places reasonable …